Dow Jones Indexes recruits founder of Failaka
NEW YORK: Dow Jones Indexes, a leading global index provider and premier provider of Shari'ah compliant indexes, announced Tariq Al-Rifai as its new director of Islamic indexes. |
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Mayfair Wealth Management launches unique Shariah-compliant distressed property fund in the UAE
Mayfair Wealth Management (MWM), one of the leading financial and investment advisory services providers based in the Cayman Islands, has announced the launch of 'Real Estate Musharakah |
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Methaq Takaful Insurance Appoints New Chairman
ABU DHABI -- Ali bin Za'al Al Mansouri has assumed charimanship of Abu Dhabi based Methaq Takaful Insurance Company, a Shariah-compliant company listed on Abu Dhabi Exchange. He has replaced Dr. Abdul Latif Al Shamsi, who resigned last week |
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INCEIF tackles challenges of human capital development
The Kuala Lumpur-based International Center for Education in Islamic Finance (INCEIF), an educational trust which has university status under Malaysian law, has ambitions of becoming the Islamic finance |
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Nakheel Development Limited Trust Certificates due 2009 ("2009 Sukuk")
In accordance with Nakheel Holdings 2 LLC's ("NH2") obligations under Rule 8.4.2 of the Offered Securities Rules ("OSR"), |
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Announcement on progress of the ongoing financial restructuring process of The Investment Dar Co. K.S.C.C
Kuwait - 30 July 2009 ,The Invesment Dar, as the Reporting Entity in relation to TID Global Sukuk I Limited, announces that the Company continues to make progress with respect to its previously announced financial restructuring process. |
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Nakheel Development 2 Limited - Notice to Certificate Holders
In connection with the notice sent on 3 July 2009 to certificate holders through the clearing systems in relation to the USD 750 million sukuk maturing in 2011, the Transaction Administrator |
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SWIFT: Development of Murabaha product in conjunction with KFH
SWIFT's representative in the Middle East Edward Di Corse said that there is dire need to develop products that serve the Islamic banking industry, since it carry a rapid growth |
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International rating agency "CI" Affirmed QIB at (A)
QIB's achieves the highest net profit sharing differential and cost/income ratio among Qatari banks. Doha, Qatar - July 29, 2009 - The international rating agency Capital Intelligence |
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Abu Dhabi Islamic Bank posts AED 193.4 million second quarter profit
Abu Dhabi Islamic Bank (ADIB) , a leading regional Islamic financial services group today announced its results for the first half of 2009. Revenues for the first half at AED 1,178.3 million rose by 7.1% |
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BLME confirms launch of first Sharia'a Compliant money market fund
London, 28th July 2009: Bank of London and The Middle East plc ("BLME") has today confirmed the launch of the Sharia'a Dollar Income Fund.This is the first fund launched by BLME and the first and largest Sharia'a |
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Rasmala Investments Saudi launches Shariah Compliant Saudi Equity Fund
Rasmala Investments Saudi announced today the launch of its Shariah Compliant "Rasmala Saudi Equity Fund"The new fund will predominantly invest directly in the Shariah Compliant securities listed on Tadawul. |
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SALAMA Changes Trading Symbol at DFM
The Islamic Arab Insurance Company, leading provider of Shari'ah compliant insurance solutions around the world has decided to change its trading symbol at the Dubai Financial Market from "IAIC" to "SALAMA". |
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Qatar Islamic Bank ratings action
Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Qatar Islamic Bank's (QIB)'s support rating to 2 from 3 on the basis of the strength of Qatar´s 'AA-' (AA minus) sovereign rating and in view of the Qatari government's demonstrated strong support for the country's banking system. All ratings carry a 'Stable' outlook. |
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Jordan Islamic Bank raises capital to JD100m
AMMAN (Petra) - Shareholders of Jordan Islamic Bank approved during an extraordinary general assembly meeting on Monday a recommendation by the board of directors to raise the bank's capital by JD18.75 million to JD100 million/share through distribution of bonus shares. |
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Court postpones Dh1.8b fraud case
Dubai: The Dh 1.8 billion defrauding of Dubai Islamic Bank (DIB) case has been postponed to August 6 as one of the defence lawyers has asked for the rehearing of some witnesses. |
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Fourth Islamic bank?
KUWAIT: The Ministry of Commerce and Industry and the Fatwa and Legislation Department are presently discussing means to establish the Warba Islamic Bank, which was suggested by the Cabinet as a substitute to the Jaber Islamic Bank, with a budget of KD 100 million. |
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Dow Jones Islamic Market Index family expands its universe with eleven new countrie
NEW YORK: Dow Jones Indexes, a leading global index provider, today announced that Argentina, Colombia, Croatia, Lebanon, Mauritius, Nigeria, Peru, Saudi Arabia, Serbia, Tunisia and Ukraine will be added to the Dow Jones Islamic Market Index universe. |
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KFH-Bahrain Plays a major role in arranging US$ 140 million facility for Mumtalakat Holding Company
Kuwait Finance House - Baharin (KFH - Baharin) is pleased to have played a major role recently in successfully arranging a five year US$ 140 million syndicated Ijara facility for B.S.C. (c) - the investment arm of the Government of the Kingdom of Bahrain. |
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QIIC posts 104pc rise in H1 surplus
DOHA: Defying the global economic crisis and its impact on financial markets here and on the rest of the world, Qatar Islamic Insurance Company (QIIC) has reported a surplus of QR12.8m from its insurance operations in the first half (H1) of this year. |
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Islamic finance takes root in Australia
SYDNEY - The pioneers of Islamic finance in Australia have predicted that strong demand for their services can help prevent further global economic meltdowns. |
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QIIB to open new branches, ATMs
DOHA: The Qatar International Islamic Bank (QIIB), popularly known as International Islamic, has plans to open two new branches taking the total to 15. |
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Sharjah Islamic Bank's Profits Slip 21.9 Per Cent
DUBAI - Sharjah Islamic Bank, or SIB, on Saturday reported a 21.91 per cent fall in its net profit for the first half of the current year, compared with the same period last year. |
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DIB posts Dh820m profit for first half of the year
Dubai: Dubai Islamic Bank (DIB) reported a net profit of Dh820 million for the first half of this financial year ending June 30. |
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Sharjah Islamic Bank announces AED 151.7 million for the 1st half of 2009
Sharjah Islamic Bank announced its 1st half 2009 results yesterday with net profit of AED 151.7 million, compared to 191.8 million achieved in the same period last year. |
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AXA Cooperative Insurance Company Receives Commercial Registration in Saudi Arabia
AXA Cooperative Insurance Company )"AXA C0-operative"), a Saudi Public Joint Stock Company, announced the 15th of July that the Ministry of Commerce has issued their Commercial Registration. |
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Injazat Capital to advise on a $1 billion Agricultural project in Sudan
Dubai, UAE, July 25 2009: Injazat Capital Limited, the leading investment bank in the MENA region, announced today that it would provide advisory services to White Nile Sugar Company Ltd. |
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Dubai Islamic Bank reports net profit of AED 820 million in first half of 2009
Dubai, July 25, 2009: Dubai Islamic Bank (DIB) announced today its financial results for the first half of this financial year ending 30 June 2009. |
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How "back to basics" puts Islamic Investment at the forefront of Technology
Although financial instruments created on the principles of Islamic finance are still in their infancy, they are at an important crossroads and the current crises in Dubai is a symptom of this. |
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Mumtalkat secures US$ 140 Million Syndicated Ijara Facility for Gulf Air Investment
Manama, Kingdom of Bahrain - 22 July 2009 - Bahrain Mumtalakat Holding CompanyBahrain Mumtalakat Holding Company B.S.C. (c) ("Mumtalakat"), the investment company for Bahrain... |
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ISFD approves $ 45 Million new projects
Jeddah - The Board of Directors of the Islamic Solidarity Fund for Development (ISFD, an affiliate of the Islamic Development Bank (IDB) approved financing for new development projects worth US$ 45.8 million. |
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Malasya, IDB to enhance bilateral ties
Jeddah - The Prime Minister of Malaysia, Dato' Sri Mohd. Najib Tun Abdul Razak, said Tuesday that his country seeks to strengthen its relations with the Islamic Development Bank. |
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RAK completes formalities for $400m sukuk
Ras Al Khaimah: The Ras Al Khaimah Government on Wednesday completed the formal documentation for its landmark $400 million (Dh1.46 billion) sukuk (Islamic bond) issue. |
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Unicorn private equity fund sells stake in regional energy holding company
Unicorn Investment Bank B.S.C. (c) (Unicorn) announces the sale of a 10% stake in Regional Energy Services Holding W.L.L. (RESH). |
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Sharia-compliant stocks weather global turmoil
Stocks deemed to comply with Islamic law delivered positive returns during the second quarter of 2009, according to Standard & Poor's, the prominent index provider. |
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